Definition of "unhedged" []

• Not hedged; not offset or counterbalanced (adjective)

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• "It has protected every yen trade, while a small portion of its euro and dollar trades remains unhedged."
• "In the past quarter, it took a mark-to-market loss of 5.09 billion rupees on the unhedged portion of its overseas borrowing."
• "Because a prime attraction of local currency bonds are the expected extra returns an investor can earn rising emerging-market currencies, most local bond investors left their positions unhedged against currency fluctuations."